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BIGP

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BIGPBulldog Investors General Partnership


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BIGP did not make its proposals in a timely manner as required by the Fund's Bylaws.
BIGP and Fair Value also have agreed to vote their shares in accordance with the recommendation of the Trustees of PBF with respect to each proposal submitted to shareholders at PBF's 2008 annual meeting of shareholders, if held, or at any other meeting of PBF's shareholders held prior to the completion of the merger.
As of the expiration of the Offer a total of approximately 2,633,913 shares were validly tendered and not withdrawn (including approximately 29,857 Shares delivered through notices of guaranteed delivery which are required to be delivered to BIGP by December 19, 2007), representing approximately 9.
 
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